Although a relatively small IPO and around $50 million less than the $150 million IPO raised by cloud comms startup Twilio earlier this year, Talend is a compelling IPO due to strong revenues of $76 million in 2015 and the fact that its big data and cloud business grew more than 100% a year for the last two years.

Its financial strength is bolstered by the company’s position in the market, a market in which 84% of executives expect big data to shift their competitive landscape within a year, according to Accenture. The software vendor already boasts 13000 customers worldwide, with solutions it claims are seven times faster than competitors and that address the rapidly growing need for software that connects and integrates data. This need, according to IDC, will spur global spending of as much as $21 billion in 2019. These factors make Talend an attractive prospect to investors and may see more money raised if investors take advantage of an option to buy additional shares.

Talend CEO, Mike Tuchen, said: "Today is an important milestone which became possible, in part, because of our singular focus on enabling organizations of all types to become data driven – an increasingly necessary skill in a world where data has become a strategic asset. As notable as today’s milestone is though, we are still in the early days of our journey. We're looking forward to maximizing the opportunity we have in front of us and building our business for long-term success.”

“With the amount of data available for decision making increasing exponentially, and the technology to analyse and act on that data more capable, cost-effective, and ubiquitous, IT infrastructures are undergoing an industrywide, transformative shift toward new big data and cloud platforms. Talend’s solutions are well-suited to address that exciting opportunity and help position us to extend our leadership role in next-generation data integration.”